Cathie Wood’s Ark Invest announced Wednesday that Coinbase Global Inc. The sell-off continued on Coinbase by selling an additional 166,183 shares, worth $25.3 million.
The ARK Innovation ETF sold 145,048 shares of Coinbase stock on Wednesday, while the ARK Next Generation Internet ETF sold 21,135 shares of the cryptocurrency exchange, according to the companies’ latest trading filings.
This means that the company has already More than $200 million was offloaded. Coinbase stock in recent weeks
Coinbase shares closed Wednesday down 2.96% at $152.24. It has risen more than 300% over the past year.
The US-based cryptocurrency exchange has been selected as the custodian of cryptocurrency assets by traditional financial institutions, including BlackRock, which is one of many companies that have applied for a spot Bitcoin exchange-traded fund.
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